If not Flipkart, Amazon India’s losses should trigger a warning at Walmart

If Walmart Inc. is perturbed by Flipkart Ltd’s high losses, it hasn’t shown any signs of it yet. Instead, it coolly told investors that Flipkart’s operating loss may expand to around $1.35 billion in FY20. This is far higher than the loss of $685 million (₹4,586 crore) the Indian e-commerce reported in FY17. Operating loss refers to its consolidated loss before interest and tax.